Rapid growth in the oil and gas industry along with an increased demand for energy is expected to boost the global demand for containment and handling market. Increased drilling activities in both offshore and onshore areas have direct implications on the containment and handling market. Drilling waste including toxic drilling fluids and cuttings, can lead to the water pollution, if get mixed with water. Stringent governmental regulations pertaining to the disposal of drilling waste is another factor that has augmented the containment and handling market. Further, deep underground drilling poses more threat in terms of water contamination as drilling at higher depths creates higher probability of finding ground water. Besides drilling activities, increasing industrialization serves as another factor that has contributed towards the waste generation and hence the containment and handling market. Hazardous industrial wastes require special attention in order to minimize or check the intermixing of such waste with ground water. 
 
Segmentation of the containment and handling market can be done on the basis of application, equipments and geography. Containment and handling activities are mainly used during oil & gas exploration and mining activities. The use of toxic drilling fluids and cutting generation makes it mandatory for the drilling company to handle, treat and dispose the waste material without causing any harm to the environment. Presently, the drilling activities are not limited to the onshore areas as the companies have started to drill deep in the offshore areas in order to search for new oil and gas reservoirs. Thus, within the oil and gas applications, the containment and handling market can be segmented further for onshore and offshore applications. Offshore applications require special attention as the intermixing of toxic waste with oceanic water can pose a serious threat to the aquatic life. Containment and handling market can also be segmented on the basis of equipment that is used in the process. Major equipments include the drill cutting containers, screw conveyors, Rig Vac and others. These equipments form a part of complete drilling waste management process and are used before the treatment and disposal of drilling waste.
 
Regional segmentation of the containment and handling market can be done on the basis of geography by identifying the major countries with higher oil and gas production volumes. Major countries include the United States, Canada and Mexico in North America; Malaysia and Indonesia in Asia Pacific; Iran, Iraq, Qatar, Kuwait, Angola, Libya and Nigeria in Middle East and Africa; Russia and the offshore areas of the North Sea in Europe; Brazil, Argentina and Venezuela in South America. 
 
Increasing drilling activities, stringent government regulations regarding handling, containment and disposal of drilling wastes; rise in drilling activities for extraction of unconventional sources of energy such as shale oil and shale gas are the major drivers to the containment and handling market. High expenditure in acquiring containment and handling services is one of the restraints to the containment and handling market. Expected increase in the drilling activities pertaining to the development of shale gas reservoirs in Argentina can possess positive impact on the containment and handling market in the coming five to six years.
 
Some of the key players in containment and handling market include companies such as Augean PLC, Scomi Group Bhd, Baker Hughes Incorporated, M-I L.L.C., Halliburton and Weatherford.
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
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  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
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1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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